Key Points – Eve resumed flight testing of its eVTOL prototype and has begun partial transition flights, reaching 30 knots.
It targets full transition by the end of 2026, crewed conforming-prototype flights in late 2027, and certification and entry into service in 2028. – The company ended the second quarter with $403 million in cash and $531 million in total liquidity, which management believes can fund operations through 2028
Second-quarter cash burn was $49 million, while full-year cash consumption is expected at $225 million to $275 million. – New letters of intent for 46 aircraft increased Eve’s stated preorder backlog to roughly 2,700 aircraft worth $13.5 billion at list prices, although only about 100 orders are currently firm. Eve also expects $100 million to $150 million in cost synergies and avoidance through its relationship with Embraer over the next three years. – Amazon Bets Big on BETA: Why Analysts See 50% Upside EVE (NYSE:EVEX) said its full-scale engineering prototype has entered partial transition flight testing as the electric vertical takeoff and landing aircraft developer targets full transition by the end of 2026 and certification and entry into service in 2028. Chief Executive Officer Johann Bordais said the company resumed its flight campaign after completing a planned three-month ground-test period focused on software upgrades and system integration.
The work included testing the synchronization of the aircraft’s lifter rotors and pusher propeller, as well as ground testing of avionics, actuators and flight-control systems with motors powered on. – Flying Cars and Rising Bars: The 2026 eVTOL Breakout Begins The prototype has completed 66 flights and logged 2 hours and 46 minutes of airtime, according to Bordais. Eve has validated 150 test points during the program and accumulated more than 15,000 hours of component and systems testing across its development infrastructure. Transition flight program advances The aircraft is now conducting…